Offshore Cargo Vessel Causes Unprecedented Logjam!
It usually takes just half a day to unload a massive cargo ship of its cars, but since demand is way down, a...
COVID19 Economic Collapse Staring at Oil Producing Nations!
According to an article published in Oilprice.com, a global upheaval is likely to result from the oil price crash, upending the current fragile balance...
USPS Ships Mail by Ocean Carriers Due To COVID-19 Airfreight Crunch
USPS is shipping mail and parcels to ten European countries via ocean freight.
This is due to widespread flight cancellations and restrictions due...
101 Year Old Woman Born During the Spanish Flu Survives COVID19!
In an unprecedented turn of events, a 101-year-old woman has recovered from the coronavirus. She has defeated 2 pandemics now - the spanish flu...
Increasing Number of VLOCs Phased Out Due To ‘No Operations’
The once attractive VLOCs are phased out due to safety concerns.
43% of the VLOC fleet has been sent to the scrapyards.
18%...
[Answer] How To Deal With Ship Visitors in Times of COVID19?
Safety and security are of utmost appearance in the time of a pandemic where every physical contact can lead to a potential danger of...
Judge Orders Shipper To Deposit $108 Million To Secure Ship’s Release
London High Court ordered two defendants to deposit US$76 million.
The deposit has to be deposited into a Singapore court to free the...
A Profitable Deal Inked Behind The Sale of a 2010-Built MR Vessel!
Italian shipping company d’Amico International Shipping S.A. (DIS) joins hands with Swiss commodity trader Glencore Group to sell a medium range (MR) tanker.
...
Container Market Obtains Respite After a Disastrous Second-quarter
If infections slow, consumers will tentatively get back to their consumption in the second half.
This will boost container volumes and would climb...
Track Spot Rates To Take Advantage of COVID19 Demand-Supply
Despite lower volumes being fixed in the spot market, it is key to tracking developments in the container shipping market, as it quickly responds...
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